Ni Holdings, Inc. · NASDAQ:NODK
Ni — Investor Presentation (2026)
11 slides from Ni's investor presentation, 2026
Slide 1: Investor Presentation 2026
Investor Presentation 2026 NI Holdings, Inc.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Some of the statements included in this presentation, particularly those anticipating future financial performance, business prospects, growth and operating strategies, our ability to increase shareholder value, and similar matters, are forward-looking statements within the mea
Slide 3: NI Holdings
NI Holdings Nodak Insurance Group consists of the five insurance subsidiaries of NI Holdings, Inc., offering a diversified portfolio of property and casualty products. These subsidiaries write property and casualty insurance coverages, including private passenger automobile, non-standard automobile,
Slide 4: NI Holdings: Unique Structure
NI Holdings: Unique Structure NI Holdings (NODK) is a publicly traded stock company Public Nodak Mutual formed in connection with the 2017 demutualization of Shareholders Group, Inc. Nodak Mutual Insurance Company and the creation of Nodak Mutual Group, Inc., a mutual holding company. <40% >60% The
Slide 5: Diversification of Risk
Diversification of Risk NI Holdings operates across five property and casualty segments in five states, with additional licenses in nine states for potential geographic expansion. The company leverages a hybrid distribution model, combining captive agents in North Dakota with independent agents in o
Slide 6: Direct Written Premiums
Direct Written Premiums Since going public in 2017, NI Holdings has cumulative direct written premiums of over $2.5 billion. Beginning in 2022, the company began to focus on profitability and strategically began reducing premiums, including the sale of Westminster American Insurance in 2024, and the
Slide 7: GAAP Net Income
GAAP Net Income NI Holdings has delivered positive net income in seven of the nine years since its initial public offering. While annual results remain subject to volatility from catastrophe activity, the company's earnings power remains robust. This is evidenced by the fact that the only two unprof
Slide 8: Balance Sheet Strength
Balance Sheet Strength NI Holdings maintains a strong balance sheet that NI Holdings maintains a disciplined, has been recognized by an A.M. Best “A” (Excellent) conservatively structured investment portfolio Rating. The company is well positioned to navigate anchored in investment grade fixed incom
Slide 9: 2025 Results
2025 Results • Combined ratio of 109.9% for full year 2025 versus 100.7% Twelve Months Ended December 31, for the prior year, primarily driven by unfavorable prior year development on liability loss reserves and lower net ($ in thousands, except per share data) 2024 2025 earned premiums in the Non-S
Slide 10: Capital Management
Capital Management NI Holdings takes a balanced approach to capital management. Our primary objective is to invest in our current businesses where we see profitable growth opportunities. We also seek out strategic investments to enhance our business over time and return excess capital to shareholder
Slide 11: Value Proposition
Value Proposition Profitability: Demonstrating strong Unique Structure: A corporate long-term performance, NI Holdings structure that provides capital has reported positive net income in flexibility and allows management to seven of the nine years since going focus on profitable growth over time. pu